Learn the trade here. Make it on tradeMONSTER

Options Trading News

February 1, 2013  Fri 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes were mixed while the CBOE Volatility Index and its futures were lower.

The S&P 500 was down 3.85 points to close at 1498.11, unable to hold the 1500 level for the first time in the last five sessions. It has resistance at 1510 and support at 1480.

The Nasdaq 100 was down just over 7 points to finish at 2731.53. The index has been in a tight range since the start of year, and its 20-day historical volatility is below 8 percent. It has support at 2660 and resistance at 2770.

The Russell 2000 was up 5 points, or 0.6 percent, to close at 902.09. It posted an all-time closing high of 907.31 on Tuesday. It has resistance at 908 and a first level of support at 888.

The VIX was down 0.04 points to 14.28. The 20-day historical volatility for the SPX fell to 5.5 percent, so this relatively low VIX level is actually quite high in that regard.

The February futures lost 0.30 points, or 2 percent, to close at 14.85 as the March futures fell 0.05 points to 15.75. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 0.82 percent to close at 24.07.

Just over 736,000 VIX options traded on the day. Calls made up 548,000 of that volume.

The VVIX Index, which measures the implied volatility of the VIX options, was down 0.8 percent to 76.72. So there are expectations that actual volatility will pick up from here, but there is not much concern in this market.
Share this article with your friends


Related Stories

VIX

Stock indexes climb to key levels

April 23, 2014

Equity indexes extended their winning streak to six sessions yesterday, bringing them to key technical levels while pushing the CBOE Volatility Index lower.

VIX

Videocast: VIX sellers trump buyers

April 22, 2014

Group One's Jamie Tyrrell says sell orders have overwhelmed purchases, most notably a May 20/30 call spread sold 30,000 times.

VIX

Equities extend streak to 5 days

April 22, 2014

The CBOE Volatility Index slipped yesterday as equity indexes advanced again, extending their winning streak to five sessions.

VIX

Videocast: May VIX calls bought

April 21, 2014

Group One's Jamie Tyrrell says a large player who frequently buys VIX calls is now targeting the May 20 and 24 levels in the volatility index.

VIX

VIX falls as equities extend streak

April 21, 2014

Major equity indexes ended last week with a four-day winning streak, pushing the CBOE Volatility Index down almost 6 percent to 13.36.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Options and high-frequency trading

There has been much talk lately of high-frequency trading (HFT) and what it does--or doesn't--mean to the markets and retail...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER